Cryptocurrency Industry News

Lightscale’s Kroma Announce Strategic Partnership with Galxe

Published by
Written By: Michael Abadha
Share
    Summary:
  • The strategic partnership will see the two platforms integrate with each other by November, aiming to leverage their respective strengths.

Lightscale’s Kroma, the Ethereum L2 solution running on zk technology, has announced a strategic partnership and integration with web3 community platform, Galxe. According to an announcement made today, the two companies intend to finalise the merger by November 2023. The integration will avail Galxe’s enhanced community membership features to Kroma’s users through its on-chain dashboard. In addition, Galxe will integrate Kroma network’s features on its website.

What next for Galxe and Kroma?

With more than 13 million monthly active users, Galxe has had a significant impact on the development of Optimism, Polygon, and Arbitrum. In addition, it provides reward-based loyalty programmes for more than 3,700 partners, and it hosts an average of 600 campaigns representing diverse projects. Following the partnership, Galxe will bolster Kroma’s marketing efforts, simplify the onboarding process for new users, and back up community building efforts.

Kroma is a product of Lightscale, a division of the prominent gaming giant, Wemade, and it was created to serve as a universal Ethereum Layer 2 platform using ZK Proof technology.  Kroma is on a mission to compose Ethereum-friendly L2 solutions that are practical, flexible, and easy to use. Galxe, a leading platform in the web3 ecosystem, is keen to deepen its partnership with Lightscale in the areas of marketing, product integration, and NFT innovation.

iZUMI Finance, Owlto Finance, Superbridge, and Tally are some of the well-known apps available in the Kroma ecosystem. With Galxe joining hands with Kroma, the company plans to expand its presence not only on the most popular social media platforms, but also to promote the growth of the NFT ecosystem at the protocol level.

The integration between Galxe and Kroma heralds the beginning of a new era for Kroma network. Kroma will gain from the collaboration through the expansion of its promotional activities, streamlining the onboarding process for new users, and fueling the expansion of the community as a whole.

This post was last modified on %s = human-readable time difference 12:15

Written By: Michael Abadha

Michael is a self-taught financial markets analyst, who specializes in analysis of equities, forex and crypto markets. He draws his inspiration from the fact that markets provide an interface through which the world interacts in search of a better tomorrow.

Published by
Written By: Michael Abadha